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May 6, 2014
05/14
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now that alibaba has filed, what's next? how does it measure up when you pitted against other tech giants like apple, google, and facebook? cory johnson is still with me as well as hans tung, crawford del prete on skype from boston and wigder.ell this is basically the paypal of china that he started under alibaba and he decided to spin it off without talking to softbank or yahoo!. it is still not part of them ended dramatically changed the value of the group. >> it may have dramatically added risks to alibaba. that they the way look at the responsibility to shareholders, they are already once removed because it is a chinese company that cannot fundamentally be owned by u.s. investors. add to that, the ceo of the company, possibly the board, we don't know, just decided to take and give it asset to someone else with no recourse to u.s. shareholders. they kind of undid that and now they only pay part of the offering. there's nothing to suggest they cannot do it again. that precedent, something they aied to do yo year-and-a-half
now that alibaba has filed, what's next? how does it measure up when you pitted against other tech giants like apple, google, and facebook? cory johnson is still with me as well as hans tung, crawford del prete on skype from boston and wigder.ell this is basically the paypal of china that he started under alibaba and he decided to spin it off without talking to softbank or yahoo!. it is still not part of them ended dramatically changed the value of the group. >> it may have dramatically...
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May 10, 2014
05/14
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alibaba has a relatively weak position in mobile. china has the largest smart phone market in the world. there are companies in china that are ahead of telly -- ahead of alibaba in mobile. >> bloomberg news ipo reporter leslie picture, john malloy, and craig yew. he's known for the flaherty brings to his role as chairman of ali baba. more on the ceo of china's biggest e-commerce company next. ♪ >> welcome back to "the best of bloomberg west." ali baba founder has changed the way the chinese do things. he enjoys performing for employees. take a listen. [singing] quite a voice their. how has his zany personality helped pushed ali baba to the top? clark has known jack since he started the company. i asked him what he is like. >> just like that. he was singing. he leaps out at you. he is not a tall man, but is a very tall man in terms of his personality. he has a wacky, larger than life image. you get a palpable sense that he is somebody different, both in chinese and english. >> back then, did you have any inkling that he could take t
alibaba has a relatively weak position in mobile. china has the largest smart phone market in the world. there are companies in china that are ahead of telly -- ahead of alibaba in mobile. >> bloomberg news ipo reporter leslie picture, john malloy, and craig yew. he's known for the flaherty brings to his role as chairman of ali baba. more on the ceo of china's biggest e-commerce company next. ♪ >> welcome back to "the best of bloomberg west." ali baba founder has changed...
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May 13, 2014
05/14
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alibaba has the wall plus the moat. let me clear, i'm not saying to jum all over the alibaba, and i heard it could be valued to $250 billion. a lot of distance between those. lettay not forget that china could be a super volatile place to do business, and a super difficult place to invest. i'm not saying amazon is becoming obsolete. best way to play alibaba is alibaba, but the bottom line is when alibaba becomes public in a few months the numbers are so hot that growth managers who like or hold amazon they'll love alibaba. i don't think they'll want to own both. when push comes to shove, i think they'll sell amazon and buy, buy, buy alibaba which will make it for rockier times for the darling of the momentum crowd. can we go to chris in new york? chris? >> chris from wisconsin, new york. my question to you is regarding echostar, symbol sats, sold four or five bucks in the last four trading days and will this go to the milky way or come back to earth with the huge p-e? >> you're fine in echostar. i would tell you to sell
alibaba has the wall plus the moat. let me clear, i'm not saying to jum all over the alibaba, and i heard it could be valued to $250 billion. a lot of distance between those. lettay not forget that china could be a super volatile place to do business, and a super difficult place to invest. i'm not saying amazon is becoming obsolete. best way to play alibaba is alibaba, but the bottom line is when alibaba becomes public in a few months the numbers are so hot that growth managers who like or hold...
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May 7, 2014
05/14
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alibaba has filed for an ipo after weeks of anticipation. the filing office looked at a business that controls around 80% of china's online commerce market. jane wells filed this report. >> lucky, just lucky. >> reporter: jack ma may be lucky but he's relentless. he launched alibaba, no one would open sesame to help him. >> i was rejected by so many venture capitalists when i talk about alibaba, they look at me strange, alibaba, what are you talking about? i went back to china with nothing, no money, nobody invested in me. but i was full of confidence. i saw the american dreams. >> reporter: the dream of hard work paying off. it did. alibaba has grown into china's largest e-commerce platform, beyond b2b, retail, online payments and more. making this 49-year-old former teacher who taught himself english worth nearly $9 billion. >> today we have lots of money. we're still very careful for every penny we spend. >> reporter: ma is a different type of chinese businessman. he's funny. here he is at stanford in 2011. >> are you going to buy yahoo!?
alibaba has filed for an ipo after weeks of anticipation. the filing office looked at a business that controls around 80% of china's online commerce market. jane wells filed this report. >> lucky, just lucky. >> reporter: jack ma may be lucky but he's relentless. he launched alibaba, no one would open sesame to help him. >> i was rejected by so many venture capitalists when i talk about alibaba, they look at me strange, alibaba, what are you talking about? i went back to china...
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May 7, 2014
05/14
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alibaba has filed for what may be the biggest ipo in the u.s. ever. the e-commerce company might raise up to $20 billion, surpassing facebook. will this be a twitter hit or a facebook flop? aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york time. we start with. coverage of alibaba, which could be the largest u.s. ipo ever.
alibaba has filed for what may be the biggest ipo in the u.s. ever. the e-commerce company might raise up to $20 billion, surpassing facebook. will this be a twitter hit or a facebook flop? aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york...
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May 7, 2014
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alibaba has filed for what may be the biggest ipo in the u.s. ever. the e-commerce company might raise up to $20 billion, surpassing facebook. will this be a twitter hit or a facebook flop? aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york time. we start with. coverage of alibaba, which could be the largest u.s. ipo ever. here in new york is leslie pickard. in san francisco, cory johnson. he has been digging deep into the filing. also, gordon chang. before we get started, i want to take a closer look at alibaba's is this by the numbers. -- business by the numbers. leslie pickard is here with the details on my po. you have gone through the whole filing. what is different about this? >> is a massive company. they talk about their ecosystem, maintaining their culture. carehave taken a lot of and tim
alibaba has filed for what may be the biggest ipo in the u.s. ever. the e-commerce company might raise up to $20 billion, surpassing facebook. will this be a twitter hit or a facebook flop? aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york...
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May 7, 2014
05/14
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in other words, part of what alibaba has been doing is gradually moving out of china and it has a presence in europe and the u.s. but so far, predominantly in the business to business area. in other words, if you're a western company looking for chinese supplier, you could go to alibaba and do that. but with more cash, they would have more funds in order to go global and to bring some of the other offerings it has into china into the rest of the world. for instance, they would allow an ebay like marketplace to happen outside of china. so you get a sense as to why it is this could further their global ambition. >> i'm glad you said that. i know the tech world is abuzz. why do we care? us normal folk? but this could have -- this could have an impact on consumers in the u.s. and, in fact, consumers around the world, possibly. >> yeah. i think that's probably why this particular company is so closely watched. it dominates the chinese online space. so accounts for something like 80% of the e-commerce market, roughly defined in different segments. so in the rest of the world, if you were looking
in other words, part of what alibaba has been doing is gradually moving out of china and it has a presence in europe and the u.s. but so far, predominantly in the business to business area. in other words, if you're a western company looking for chinese supplier, you could go to alibaba and do that. but with more cash, they would have more funds in order to go global and to bring some of the other offerings it has into china into the rest of the world. for instance, they would allow an ebay...
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May 14, 2014
05/14
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alibaba has one of the greatest management teams in tech. baidu,e amazon, google, iconic leaders of the tech community they have a fantastic. management community. >> you just raise your fifth fund. how would you describe the fundraising environment right now? we have been talking for several months about whether there is a valuations, a lot of capital flooding into the private market. >> what you are seeing is a number of funds raise capital right now. the interest is high. our fundraising process, we had a lot of demand and a relatively short process. that is a reflection of returns. returns have been exceptional. a lot of firms have been returning more capital to investors. people see massive opportunities for disruption in cloud and mobile, wearables, enterprise technology. we are investing over the next three to five years in that fund. we are somewhat tied to current conditions, but investors and venture capital have a long time view. we see a lot of appetite for the long-term view, and perhaps rotating out of shorter-term classes. >>
alibaba has one of the greatest management teams in tech. baidu,e amazon, google, iconic leaders of the tech community they have a fantastic. management community. >> you just raise your fifth fund. how would you describe the fundraising environment right now? we have been talking for several months about whether there is a valuations, a lot of capital flooding into the private market. >> what you are seeing is a number of funds raise capital right now. the interest is high. our...
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May 7, 2014
05/14
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. >> i think alibaba has a good future in china. investors want to see just how much money each of these entities individually are selling, and how much they're growing. they lumped them in when we got this recent release but i think their future looks bright for now. >> a lot of eyes will be on alibaba. jared leafy, thank you. >> thank you. >> south africans will cast their ballots in the very first election since nelson mandela died. but the majority of voters really don't remember apartheid. coming up we'll take a look at the generation who were born free. >> and we have a look at math. the interesting numbers coming up on al jazeera america. >> polls have closed in south africa in the country's fifth national election since the end of apartheid. the country's institutionalized discrimination came to an end with nelson mandela, south africa's first black president. >> but many don't remember nelson mandela's presidency. they were evethey were either tn not even born yet. >> reporter: some of his friends cannot fight work. the pol
. >> i think alibaba has a good future in china. investors want to see just how much money each of these entities individually are selling, and how much they're growing. they lumped them in when we got this recent release but i think their future looks bright for now. >> a lot of eyes will be on alibaba. jared leafy, thank you. >> thank you. >> south africans will cast their ballots in the very first election since nelson mandela died. but the majority of voters really...
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May 7, 2014
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. >> alibaba has filed to go public in the u.s. they could raise as much as $20 billion -- the largest ipo the industry has ever seen. but stick a look at the e-commerce giant by the numbers. -- let's take a look at the e-commerce giant by the numbers. ♪ >> the numbers are huge. >> big, big numbers. i could get even bigger. what are we watching for the rest of the day? those numbers are front and center. jonathan ferro and hans nichols join us. let's start with alibaba. >> massive numbers. estimated value, 160 billion. billion dollars. more than visa. it could be the biggest ipo in u.s. history. forke 2% of chinese gdp 2012. >> i probably have the best stat. it is the popularity of jack ma's singing. >> you are obsessed. >> janet yellen is also testifying today. >> 10:00 today. jonathan ferroly looks at his job in london to be the chief fed reporter. does she look at the dismal gdp number or does she look at the jobs number? what can she do to drive up the dollar? >> hans nichols came for my job, you know that, right? berlin.why
. >> alibaba has filed to go public in the u.s. they could raise as much as $20 billion -- the largest ipo the industry has ever seen. but stick a look at the e-commerce giant by the numbers. -- let's take a look at the e-commerce giant by the numbers. ♪ >> the numbers are huge. >> big, big numbers. i could get even bigger. what are we watching for the rest of the day? those numbers are front and center. jonathan ferro and hans nichols join us. let's start with alibaba....
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May 8, 2014
05/14
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. > > if you hadn't heard yet, alibaba has filed for an ipo. are you seeing any effect in the market already? > > well i think you saw an effect in yhhoo. yahoo was down about 7 percent yesterday which is pretty ugly because they hold a 25% stake in alibaba and it wasn't really good news for them. > > good to have you on. thanks! > > thank you. federal reserve chair janet yellen was crystal clear in her comments to congress that tapering is on track for the fed's bond buying stimulus program. we anticipate continuing to reduce the pace of our asset purchases in measured steps. so the answer is yes. yellen was mostly upbeat about the economy-- indicating the recent rebound in spending and production will translate into solid growth for this quarter. while yellen is cautious on the housing sector, she predicts a pick. she did however mention even with the recent declines in the unemployment rate-- the fed is keeping tabs on americans who have been unemployed for 6 months or longer. especially unemployed young peple living with their parents and s
. > > if you hadn't heard yet, alibaba has filed for an ipo. are you seeing any effect in the market already? > > well i think you saw an effect in yhhoo. yahoo was down about 7 percent yesterday which is pretty ugly because they hold a 25% stake in alibaba and it wasn't really good news for them. > > good to have you on. thanks! > > thank you. federal reserve chair janet yellen was crystal clear in her comments to congress that tapering is on track for the fed's bond...
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May 5, 2014
05/14
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i think alibaba has been reporting under gap since 1999. these guys are starting to add here to the standard accounting rules. and you know, alibaba was public before, too. this is not exactly apples to apples here. >> right. i guess my point is maybe they're trying to shove out the crap and get institutional support for this. if you want a piece of alibaba, you have to help us otut and support this other company. >> that's a good theory. maybe if the bankers are doing that, i bet neither company would be very happy about it, particularly alibaba. it's possible. there's one thing i want to mention. if you say they're like amazon. you might think great, it's china, lots of potential. we have seen amazon. but they started at stuff much higher margin. as they shifted in electronics, that's hart. but these guys have been in electronics from number one. >> jj flash. >> it's a great nickname. >> it is. >> it just caught on. his buddies call him that now. >> apparently right? his mother maybe. any way, let's talk about -- pete, yahoo? >> love it.
i think alibaba has been reporting under gap since 1999. these guys are starting to add here to the standard accounting rules. and you know, alibaba was public before, too. this is not exactly apples to apples here. >> right. i guess my point is maybe they're trying to shove out the crap and get institutional support for this. if you want a piece of alibaba, you have to help us otut and support this other company. >> that's a good theory. maybe if the bankers are doing that, i bet...
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liz: janet yellen speaks today, but it is alibaba i feel that has the largest buzz. will it give amazon and ebay some hard lessons on e-commerce? what do we know about alibaba financials? we have experts who rates companies before the ipo. m&a awfully worrying start this year. will some of the megamergers take over a bid even go through? we will ask one of the smartest and most experienced minds in corporate finance. it is a fox business exclusive. and hot wheels for high rollers. rolls-royce celebrating 110th birthday this week but will tesla drive off with bragging rights? we will weigh the differences as tesla gets ready to report earnings. "countdown to the closing bell" starts right now. ♪ liz: good afternoon, everybody, i am liz claman. we begin with breaking news. giving us a window into how americans are feeling about the economy. in a word, they feel confident or at least confidence about to take on more debt. the federal reserve issuing a trait report for the month of march and it looks like an annual rate of 6.7% to $3.1 trillion. credit card debt, stude
liz: janet yellen speaks today, but it is alibaba i feel that has the largest buzz. will it give amazon and ebay some hard lessons on e-commerce? what do we know about alibaba financials? we have experts who rates companies before the ipo. m&a awfully worrying start this year. will some of the megamergers take over a bid even go through? we will ask one of the smartest and most experienced minds in corporate finance. it is a fox business exclusive. and hot wheels for high rollers....
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May 6, 2014
05/14
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good night. ♪ >> live from pier 3 in san francisco, look at the bloomberg .est alibaba has filed for one of the largest ipos in history. the chinese e-commerce giant filed to go public in the united states. the number and price has not been set yet. they have a placeholder but could become bigger than the 16.4 billion doar
good night. ♪ >> live from pier 3 in san francisco, look at the bloomberg .est alibaba has filed for one of the largest ipos in history. the chinese e-commerce giant filed to go public in the united states. the number and price has not been set yet. they have a placeholder but could become bigger than the 16.4 billion doar
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May 22, 2014
05/14
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. >>> coming up, while alibaba has been getting all the attention lately its arch-rival has been set to make a trading debut coming up. how does it work? we'll have more coming up. >>> well, russian president vladimir putin finally got what he wanted from china after a decade, those two agreed to a $30 billion deal for the moscow-raised gas to shift to asia as the european community looks to sever the supply agreements with russia over the annexation of crimea. >>> and two power houses looking to make a different impact on the u.s. alibaba and j.d..com, they are china's biggest on-line retailers and getting ready for public stock offerings on wall street. now last week we told you about alibaba, and tonight, we get introduced to j.d..com. >> it is a competitor to alibaba's retailing market, known for selling electronics. people like the service because it is known to be reliable and people believe that the products are priced well. it is pretty easy to use. i want to buy this, it looks good, about 25, or $5, one extra dollar for shipping. and in a big city like beijing you can get sa
. >>> coming up, while alibaba has been getting all the attention lately its arch-rival has been set to make a trading debut coming up. how does it work? we'll have more coming up. >>> well, russian president vladimir putin finally got what he wanted from china after a decade, those two agreed to a $30 billion deal for the moscow-raised gas to shift to asia as the european community looks to sever the supply agreements with russia over the annexation of crimea. >>>...
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May 21, 2014
05/14
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it to the potential that alibaba has, and coming in at about a $24 billion valuation, so if it becomes in between $16 and $18 a share it's too expensive to buy." jd.com is expected to price later today.. general motors recalls another 2.4 million vehicles. the cars include: the buick enclave, chevrolet traverse, gmc acadia saturn, chevy malibu, pontiac g6, cadiallac escalade, chevy silverado and gmc sierra pick ups. problems range from seat belts, to air bags to faulty retention clips. it follows gm's giant recall due to ignition switch problems. gm has recalled 15 million vehicles in this year. the automaker is doubling the charge it is taking in the second quarter to around $400 million tied to recall expenses. gm stock fell 3 percent yesterday, closing above 33 dollars. sprint will pay $7.5 million dollars for not honoring "do not call" requests by consumers. in 2011 sprint was fined $400,000 for the same reason. the wireless company claims technical and human errors caused cell phone users to receive marketing calls and text messages. sprint will now have to report on regular basis
it to the potential that alibaba has, and coming in at about a $24 billion valuation, so if it becomes in between $16 and $18 a share it's too expensive to buy." jd.com is expected to price later today.. general motors recalls another 2.4 million vehicles. the cars include: the buick enclave, chevrolet traverse, gmc acadia saturn, chevy malibu, pontiac g6, cadiallac escalade, chevy silverado and gmc sierra pick ups. problems range from seat belts, to air bags to faulty retention clips. it...
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May 6, 2014
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alibaba has 323 patterns and is filed for 1800 worldwide. a company that has gotten further along in this development in that standpoint. >> that's important. we saw one of the challenges that twitter faced as it came public about having those patents and then had to scramble to get them. >> it is one thing have patents. it is another thing to have good patents. having a lot isn't necessarily a good thing. it makes you more of a target than a company that has a patent strength. it does show the business is further along than twitter was when it went public. -- $2.7 billion in profitability. it is a very profitable business. we don't know yet about their pre-cash flow numbers. there's a difference to distinguish among the other companies we see coming out at a certain size. >> to a certain extent this is a litmus test for china. this is an example of a chinese company going public in the u.s. its success in the public markets can speak to whether or not we are going to see more success and more of these entrepreneurial driven tripe -- copies
alibaba has 323 patterns and is filed for 1800 worldwide. a company that has gotten further along in this development in that standpoint. >> that's important. we saw one of the challenges that twitter faced as it came public about having those patents and then had to scramble to get them. >> it is one thing have patents. it is another thing to have good patents. having a lot isn't necessarily a good thing. it makes you more of a target than a company that has a patent strength. it...
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May 5, 2014
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alibaba has allowed just who to spend the money. chunkse also owns a big is the founder of softbank. they're looking at a deal with t-mobile. alibaba has been allowing others to look at deals. >> i don't want to get you in trouble with citigroup. i assume you're part of the deal. in your securities analysis history, the heritage, does alibaba pass the smell test? >> he is not trying to get you in trouble. >> i will duck this one big time. i have no idea if we are part of the deal. i'm concerned that you think i remember the 1920's. >> i wonder about - is that just a stupid chauvinistic american bias? actually, in your defense, you're saying that in the past we have seen massive ipos. united was like ringing a bell. when you see a company this big go public -- >> jeff talked about the internet stocks --cloud computing and the like, getting hammered. part of what you have been showing is that the initial spike was this grand enthusiasm. there is a concept of tam. it was about the size and potential. do valuations get ahead of that? th
alibaba has allowed just who to spend the money. chunkse also owns a big is the founder of softbank. they're looking at a deal with t-mobile. alibaba has been allowing others to look at deals. >> i don't want to get you in trouble with citigroup. i assume you're part of the deal. in your securities analysis history, the heritage, does alibaba pass the smell test? >> he is not trying to get you in trouble. >> i will duck this one big time. i have no idea if we are part of the...
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May 7, 2014
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alibaba's value has been estimated at $200 billion, more than facebook and amazon. it dominates for alibaba and several sub-sid yairies >>> thousands of people in myanmar suffer from water short iments because of draught -- shortages because of drought. several lakes have dried up. donors paid for drinking water to be pumped to villages near yankgong. >> the water here is salty, there's too many minor always and it cannot be used, some have to mix the water with lime for daily use for showers and to wash clothes >>> more than 6,000 people were killed when tai foon haiyan struck the philippines in november. efforts to rebuild communities are well under way. we have this report. many survivors have been forced to fepd for themselves. -- fend for themselves. >> this man hopes that every little thing built in his new home means that he finds a place to store away a painful memory. >> he lost 22 members of his family. his wife, children, grandchildren, brothers and sisters and cousins. six have not been found until now. he's left with his only son. all the others died wh
alibaba's value has been estimated at $200 billion, more than facebook and amazon. it dominates for alibaba and several sub-sid yairies >>> thousands of people in myanmar suffer from water short iments because of draught -- shortages because of drought. several lakes have dried up. donors paid for drinking water to be pumped to villages near yankgong. >> the water here is salty, there's too many minor always and it cannot be used, some have to mix the water with lime for daily...
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May 7, 2014
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alibaba has filed papers to sell its stocks in the united states. it ambulance plans to sell stock. >>> imagine for a moment that amazon, e-bay paypal all started trading shares on the same day, well the chinese equivalent is closer to doing just that. alibaba is not only china's biggest joan line marketplace, it's the biggest in the world. it's going to be one of the biggest tech ipos ever. >> a former english teacher started it in his apartment and, right now it has the transaction volume of two amazon.coms. if you think about it's huge. it controls 80% of the online business in china. >> reporter: here are some other numbers. alibaba saturday 66% compared to q42012. $1.4 billion of that was profit. and it's estimated more than half of all partials delivered in china are done by alibaba's various companies. they estimate that its various arms ship in volume than amazon and e-bay combined. add to that, its online payment arm is estimated to handle half of all of china's online payments. its connection to yahoo! is legendary. the u.s. internet firm
alibaba has filed papers to sell its stocks in the united states. it ambulance plans to sell stock. >>> imagine for a moment that amazon, e-bay paypal all started trading shares on the same day, well the chinese equivalent is closer to doing just that. alibaba is not only china's biggest joan line marketplace, it's the biggest in the world. it's going to be one of the biggest tech ipos ever. >> a former english teacher started it in his apartment and, right now it has the...
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May 30, 2014
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alibaba has every attention -- intention of being global. there are products that work in america and do not translate. it will take a work. >> you speak to so many different people. will it be published in china? >> it will be published in taiwan. >> evan osnos author of "age of ," thank you for joining us. what's will camping gear look like in the future? our series of the great outdoors, next. ♪ >> i am emily chang. as we kick off summer, we are taking a look at tech in the great outdoors from a wearable devices to social media. some of the biggest inventions can play a bigger role in camping. theelle worked with out door product brands to pick the products rei sales in its stores. person likemping me, what are some the high-tech products that would make my experience easier? about taking is your technology into the outdoors. some of the really cool products available at rei are our bio light stove where you can cook your meal and charge it to your smart phone. is a really great way to share your memory and capture your memories and sha
alibaba has every attention -- intention of being global. there are products that work in america and do not translate. it will take a work. >> you speak to so many different people. will it be published in china? >> it will be published in taiwan. >> evan osnos author of "age of ," thank you for joining us. what's will camping gear look like in the future? our series of the great outdoors, next. ♪ >> i am emily chang. as we kick off summer, we are taking a...
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alibaba has $5.5 billion in revenue for the one-year ended march 31st. 85% comes from china commerce. and this gross merchandise value which is $248 billion in the most recent year for alibaba. that is the amount that is bought and sold of goods on the alibaba. various platforms. a multiple of what amazon and ebay have done. $519 billion in payments processed on the ali-pay platform. i have been going through the risk factors and use of proceeds is another big sticking point. they'll be using it for general corporate purposes. it will be mostly shareholders selling stock. that's not the case. there been a portion that will be newly issued stock. another portion will be selling shareholders. we're getting a glimpse of who those shareholders are. yahoo owns 22.6%. jack ma owns 8.9% and joe tsai. we don't know which of these shareholders will be selling and we don't have the funds that have bought in, private equity funds that hold these shares and whether they will be selling. interesting note, melissa, 16 risk factors in this document relate to doing business in the people's republic o
alibaba has $5.5 billion in revenue for the one-year ended march 31st. 85% comes from china commerce. and this gross merchandise value which is $248 billion in the most recent year for alibaba. that is the amount that is bought and sold of goods on the alibaba. various platforms. a multiple of what amazon and ebay have done. $519 billion in payments processed on the ali-pay platform. i have been going through the risk factors and use of proceeds is another big sticking point. they'll be using...
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i believe that was for an alibaba celebration. how has his personality pushed alibaba to the top? my guest joins me now in studio. he has known jack ma for many years. cory here as well. you met jack ma back in the 90's. what was he like? >> just like that. he was singing. [laughter] no, he just has that wacky, larger-than-life image. he has got a powerful sense of something different both in chinese and in english. it is unique that he can communicate effectively in both. >> he has become one of the biggest technology companies in the world. >> when i met him, it was a small apartment with a number of toothbrushes in the apartment. they're basically living the apartment and working around the clock. there was a vision. it was before goldman was about to come in. why are they so interested in this company? it is really because of him. he had a vision. he would talk in a very articulate way and you would feel that he was someone that was special. >> it seems to be a common thing in his life. >> has been an english teacher. he has always been interested in the u.s. and the world, wh
i believe that was for an alibaba celebration. how has his personality pushed alibaba to the top? my guest joins me now in studio. he has known jack ma for many years. cory here as well. you met jack ma back in the 90's. what was he like? >> just like that. he was singing. [laughter] no, he just has that wacky, larger-than-life image. he has got a powerful sense of something different both in chinese and in english. it is unique that he can communicate effectively in both. >> he has...
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lift, shop runner and tango me -- just a few of the investments alibaba has made before the much-anticipated ipo. details on that and the moves, next. ♪ >> welcome back. i'm emily chang. it's an intriguing time in the wireless industry with softbank said to be preparing to make a bid for the nation's number four carrier-t-mobile. weise ok exclusively about the possibility of a deal. >> i think the industry would be healthier. you have a stronger number three and i can't comment specifically on anything with respect to an mende, but it would you good for consumers. >> here's what he had to say about his own future and whether he would be running the combined company. lex one of the things about sprint is they talk about the ideal time as seven years. i still have fire in the belly, so i could -- it might be a good opportunity to do something else. >> jon leger is said to be the leading candidate to run t-mobile should sprint come through. now to another major deal we're following today -- the ali baba ipo filing expected to come any moment now as the chinese e-commerce giant prepares, it's
lift, shop runner and tango me -- just a few of the investments alibaba has made before the much-anticipated ipo. details on that and the moves, next. ♪ >> welcome back. i'm emily chang. it's an intriguing time in the wireless industry with softbank said to be preparing to make a bid for the nation's number four carrier-t-mobile. weise ok exclusively about the possibility of a deal. >> i think the industry would be healthier. you have a stronger number three and i can't comment...
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the blockbuster alibaba ipo has officially filed for trading. documents were filed with the sec after the market close last night. alibaba is the chinese version of amazon. but much larger. as traders await the opening day of trade later this year-- the company filed for a $1 billion dollar ipo. but some estimates value the company above $100 billion-- making it the biggest in history. yahoo has a 24% stake in alibaba and stands to reap up to $10 billion dollars from the ipo. options players are already lining up to potentially make money on move in yahoo. the trend is obviously to the bullish side on tuesday's trading session, calls out traded puts. by almost 3 to one so some massive, massive bullish sentimentin yahoo. yahoo shares closed -- last down last at $36 dollars. but rallied in the after hours session.chuck coppola joins me now. he has his eyes on apple. hoping its new retail chief will do for apple what she did for an aging british fashion label the company gives a very warm welcome to angela ahrendts. her hiring comes with about 68 m
the blockbuster alibaba ipo has officially filed for trading. documents were filed with the sec after the market close last night. alibaba is the chinese version of amazon. but much larger. as traders await the opening day of trade later this year-- the company filed for a $1 billion dollar ipo. but some estimates value the company above $100 billion-- making it the biggest in history. yahoo has a 24% stake in alibaba and stands to reap up to $10 billion dollars from the ipo. options players...
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. >>> still to come, alibaba has the spotlight, but there's more than one way to play it. then it's been fast lane for avis. just this year. is there more in store? or is it time to pull over? don't move. much more "mad money" after the break. >>> all right. what do we do while we wait for alibaba, with staggering sales and earnings growth to become public. earlier this week i explained how managers will sal i investigate over ali baba's incredible numbers, which including amazon in the dust. but it could be months before the ipo. even when it becomes -- there's a distinct possibility you won't bet getting in on the deal. certainly you could be a very difficult to get any alibaba at a decent price, because like i said, the growth guys will want all over this one. that's why, the anticipate is generating a lot of buzz, i think -- i'm talking about vip shop holdings. symbol vips, another chinese interneat company with spectacular revenue and earnings growth, at least for now. it's the raining king worldwide. they can actually be valued on a price to earnings multiple basis,
. >>> still to come, alibaba has the spotlight, but there's more than one way to play it. then it's been fast lane for avis. just this year. is there more in store? or is it time to pull over? don't move. much more "mad money" after the break. >>> all right. what do we do while we wait for alibaba, with staggering sales and earnings growth to become public. earlier this week i explained how managers will sal i investigate over ali baba's incredible numbers, which...
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has bits and pieces of alibaba. they have a 24% stake. >> indeed. the stock was selling off low after the filing came out. knee-jerk reaction by the rumor of the ipo, because there is nothing fundamentally that says it is a great surprise from the numbers positive or negative. a great big company with a great big opportunity. a lot of profits and free cash flow. that is a thing you like to see. that growth rate going from $20 billion to $35 billion in a year. it is a very interesting and impressive filing. >> eric jackson of ironfire, what do you want to know on the roadshow that would make you favorable to buying the shares? >> two big questions are the international story, which you guys of talked about. getting more color on that and what their lands are. that is something novel for most investors. most people who know alibaba think of it in terms of a big play within china. now they get to think of the rest of the world story it is obviously much bigger. secondly, the whole ali-pay part. there were rumors whether it will be part of the filing or
has bits and pieces of alibaba. they have a 24% stake. >> indeed. the stock was selling off low after the filing came out. knee-jerk reaction by the rumor of the ipo, because there is nothing fundamentally that says it is a great surprise from the numbers positive or negative. a great big company with a great big opportunity. a lot of profits and free cash flow. that is a thing you like to see. that growth rate going from $20 billion to $35 billion in a year. it is a very interesting and...
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alibaba has filed for one of the largest ipos in history. the chinese e-commerce giant filed to go public in the united states. the number and price has not been set yet. they have a placeholder but could become bigger than the 16.4 billion dollar facebook ipo nearly two years ago.
alibaba has filed for one of the largest ipos in history. the chinese e-commerce giant filed to go public in the united states. the number and price has not been set yet. they have a placeholder but could become bigger than the 16.4 billion dollar facebook ipo nearly two years ago.
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according to figures, alibaba has generated about $8 billion in revenue last year. a 66% increase from 2012. joining us is ryan blair, michael chase took one of his companies public 10 years ago sue knows about bringing companies to the market. ipos.slie covers let's go in-house. going to really raise 20 billion? >> it looks that way. it's according to analysts comprised by bloomberg. we are told they are about to bel a 12% stake. it could upwards of $20 billion. >> who has doubts? >> no doubts. i don't think there are a lot of doubts about what alibaba can do. this is a first glimpse into chinese e-commerce, and we are getting a glimpse of how big it is, but there is still a long way to go. one of the best indications is the mobile side. they have five hundred million mobile users in china. there is still a lot of runway. >> a big potential. in took your company public 2004. >> in addition to the fact that only a small percent of users are on mobile now, just over half the population in china is on the internet. you are going to see huge growth has the other half o
according to figures, alibaba has generated about $8 billion in revenue last year. a 66% increase from 2012. joining us is ryan blair, michael chase took one of his companies public 10 years ago sue knows about bringing companies to the market. ipos.slie covers let's go in-house. going to really raise 20 billion? >> it looks that way. it's according to analysts comprised by bloomberg. we are told they are about to bel a 12% stake. it could upwards of $20 billion. >> who has doubts?...
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i do think we have created value, certainly alibaba has created value, as has yahoo! japan. we are grateful for our investments and partnerships that have led to that. i do think we created value in the core of yahoo!. our products function much better. we have generated a lot of traffic growth and user growth over the time that i have been there. >> when is your anniversary? >> they will be two years in july. >> ok. speaking of alibaba, so, you are selling 40% of your stake in their ipo, is that correct? >> i think approximately. about just that 40% is $10 billion to be expected. some people have said that. >> the f1 was filed yesterday, , so im in a quiet period cannot speak about the speculation. correct i cannot speak -- >> you cannot pick about it at all. >> i cannot. >> what will you do with the $10 billion> [laughter] if you cannot speak specifically, hypothetically, if you're to get it and billion dollar windfall soon, what kind of thing would you spend that on? [laughter] intend to be good stewards of capital. we have been good stewards of capital today. we had prev
i do think we have created value, certainly alibaba has created value, as has yahoo! japan. we are grateful for our investments and partnerships that have led to that. i do think we created value in the core of yahoo!. our products function much better. we have generated a lot of traffic growth and user growth over the time that i have been there. >> when is your anniversary? >> they will be two years in july. >> ok. speaking of alibaba, so, you are selling 40% of your stake...
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so e-commerce has grown faster in china than the western markets. the alibaba opportunity is tremendous. i think u.s. and western investors recognize that. there are very few ways for western investors to invest in this growth story. alibaba will be the largest, most liquid and arguably safest investment vehicle. >> woodruff: if alibaba turns out to be so successful, how does that affect american tech companies? >> well, i think it will be positive for american tech companies. right now the tech sector over the last several months has experienced a tremendous selloff. twitter is down 50% year to date. high flying tech stocks and internet stocks from 2013 have really been caught in a downdraft. sellers have been getting out of the stocks. a successful alibaba i.p.o. could turn that around in terms of sentiment. >> woodruff: paul sweeny with bloomberg, we thank you. >> you bet. >> wooduff: the writing may be on the wall for something that used to be standard fare in our elementary schools. it turns out that the elegant script of cursive handwriting is
so e-commerce has grown faster in china than the western markets. the alibaba opportunity is tremendous. i think u.s. and western investors recognize that. there are very few ways for western investors to invest in this growth story. alibaba will be the largest, most liquid and arguably safest investment vehicle. >> woodruff: if alibaba turns out to be so successful, how does that affect american tech companies? >> well, i think it will be positive for american tech companies. right...
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how is it that alibaba has a net margin of 57%, when amazon has a net origin of less than half a percent? differente very businesses, principally, because alibaba does not take ownership of the stuff they are selling. it is much more like ebay in that regard. the goal of global domination of commerce from amazon, and alibaba's goal has been different. companies like amazon have not been able to participate as much. lock on thehad a second biggest economy in the world, and that has been their great benefit. >> thanks for your insight this morning, cory johnson. york, we are waiting for janet yellen's opening statement. we will go to capitol hill after a quick break. stay with us. you are watching "market makers" on bloomberg tv. ♪ >> welcome back to "market makers." the vice chairman of the joint economic committee concluded momentarily her opening statements. we will hear from fed chair janet yellen any moment. you can see chairman brady saying a few words. he for janet yellen begins, neil dutta, what is the one thing she does not want to do today? >> screwup. >> what would constitute
how is it that alibaba has a net margin of 57%, when amazon has a net origin of less than half a percent? differente very businesses, principally, because alibaba does not take ownership of the stuff they are selling. it is much more like ebay in that regard. the goal of global domination of commerce from amazon, and alibaba's goal has been different. companies like amazon have not been able to participate as much. lock on thehad a second biggest economy in the world, and that has been their...
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the chinese commerce giant alibaba has filed for its ipo. we'll give you detail on how profitable the business is. we want some more thoughts from our panel along with john ford as they continue to look through the details of this report. larry, first to you. look, $5.5 billion in revenue. 618 million users. $240 billion in gross merchandise here. what value do you think is going to be placed for these shares? >> by the time we get the first day of trade, we're looking at over $200 billion. so $110 billion or so. 10 cents does video games and collects money on micro transactions in video games. 39% of people in the world are on the internet right now. zuckerberg wants them all to get connected. there's tremendous internet usage in china relevant to the stage of development in the country. 61% of chinese use the internet versus 21% in the world. alibaba has a phenomenal share of this ecommerce. the china like to play games. they like to gamble and use the internet. this is the business model of choice. you have a dominant market share. you ha
the chinese commerce giant alibaba has filed for its ipo. we'll give you detail on how profitable the business is. we want some more thoughts from our panel along with john ford as they continue to look through the details of this report. larry, first to you. look, $5.5 billion in revenue. 618 million users. $240 billion in gross merchandise here. what value do you think is going to be placed for these shares? >> by the time we get the first day of trade, we're looking at over $200...
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owns i think it is 26% of alibaba right now? >> stake alibaba has. softbank with 3%. jack ma the cofounder has about 7%. a lot of companies stand for major upside once the stock starts to trade. a lot of analysts say yahoo! is undervalued given the sum of its parts including that 24% stake in alibaba. they will sell off some of that, cheryl as the company ipos. cheryl: you know this company so well. so the 2013 net income, coming in $1.39 billion. i don't know if that number surprises you or not, jo ling. we're so curious about the company, what the breakdown of it is. do you think that will be important as we move forward and talk about this company? >> yeah. every single piece of information we're getting out of that file something really critical to analyzing the company because we haven't really had that much financial information on it. there was a filing in hong kong a while ago when they listed there for a short while. that information is very much out of date. we know revenue is up 66% year-over-year, according to yahoo! earnings. we're also seeing now that th
owns i think it is 26% of alibaba right now? >> stake alibaba has. softbank with 3%. jack ma the cofounder has about 7%. a lot of companies stand for major upside once the stock starts to trade. a lot of analysts say yahoo! is undervalued given the sum of its parts including that 24% stake in alibaba. they will sell off some of that, cheryl as the company ipos. cheryl: you know this company so well. so the 2013 net income, coming in $1.39 billion. i don't know if that number surprises you...
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alibaba has announced its intention to list in the united states. we do not have the details, of course. a wave of investor and doozy as and for chinese internet stocks. are you enthusiastic -- investor enthusiasm for chinese internet stocks. are you enthusiastic? >> no, i am not. i am concerned about them. >> you have to look at the proportion of chinese people online and make predictions whether it will develop in line with western economies. the snap not -- does that not hold water with you? greater usagebe of internet-based technologies. we are not quite sure who is going to benefit. the view that there will have to be one dominant player, when google, one apple, i am not sure that is true. we do not know how these things will play out. when you're asking to be paid up fan. for that, i am not a >> is your lack of faith, is that reflected on your view of the bond market? which is outperformed this year to the surprise of many. >> it is often a fantastic canary in the coal mine. ability toncanny somehow put its finger on something that is troublin
alibaba has announced its intention to list in the united states. we do not have the details, of course. a wave of investor and doozy as and for chinese internet stocks. are you enthusiastic -- investor enthusiasm for chinese internet stocks. are you enthusiastic? >> no, i am not. i am concerned about them. >> you have to look at the proportion of chinese people online and make predictions whether it will develop in line with western economies. the snap not -- does that not hold...
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i would say alibaba has had huge success. this is an important change in terls of how they approach the chinese market. going the investment route and leaving the control up to people who know best who are on the ground in china instead of trying to run this stuff out of seattle. i kind of put this as -- i approve of what amazon's doing because essentially they're learning from the lessons that -- the hard lessons they've gained in the past about how to truly compete in china. >> at the same time, do you think the strategy is going to work? you were just on the ground and were you not impressed with what amazon has on the ground right now. should they instead be focusing on the u.s. market and improving the market here? >> yeah, that is their focus. ultimately in china, they're struggling. part of it is a pr game. part of it is they are trying to take some of the things from the u.s. and apply to the chinese market. i think this seems to be striking the right balance and essentially putting the investment in and stepping back
i would say alibaba has had huge success. this is an important change in terls of how they approach the chinese market. going the investment route and leaving the control up to people who know best who are on the ground in china instead of trying to run this stuff out of seattle. i kind of put this as -- i approve of what amazon's doing because essentially they're learning from the lessons that -- the hard lessons they've gained in the past about how to truly compete in china. >> at the...
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alibaba's value has been estimated at $200 billion, more than facebook and amazon. it has several sub-sid yairies. >>> three al jazeera english journalist continue to be detained in ae gipt, hold for 30 days. peter greste, mohamed fadel fahmy and baher mohamed are falsely accused of conspiring with outlawed muslim brotherhood. the movement has been declared a terrorist organization by egypt. al jazeera rejects all the charms and demands their immediate release. >>> there have been reports of more fighting in eastern ukraine where government forces are trying to recapture the city of slovyansk from pro-russian groups. these pictures have been uploaded on the internet on tuesday, showing ukranian troops, vehicles taking part in the operation in slovyansk. ukraine's interior minister says 30 gunmen and four soldiers were killed there on monday. >> u.s. secretary of state john kerry accused russia of planning to annex more of ukraine's territory after a referendum on sunday. they say they will hold polls to decide whether they will remain part of ukraine. >> we also are
alibaba's value has been estimated at $200 billion, more than facebook and amazon. it has several sub-sid yairies. >>> three al jazeera english journalist continue to be detained in ae gipt, hold for 30 days. peter greste, mohamed fadel fahmy and baher mohamed are falsely accused of conspiring with outlawed muslim brotherhood. the movement has been declared a terrorist organization by egypt. al jazeera rejects all the charms and demands their immediate release. >>> there have...
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alibaba founder has made .illions he enjoys performing for employees also. take a listen. ♪ amazing. i believe that was for an anniversary celebration. how has his zany personality helped push ali baba to the top? in the studio, he is -- alibaba launched in 1990 he consulted for the company. cory is here as well. you met him back in 1999 when he was just starting this thing. what was he like? questions like that. he was singing. no, he wasn't. he leaped out at you. not a tall man, but a wacky and larger than life image. you get a palpable sense he is something different in chinese and english. inkling hen, any could take the company this far? to be one of the biggest technology companies in the world? withsmall apartment toothbrushes with a number of employees. you can see they were spending a lot of time there, living around the apartment and working around the clock buried there was already a vision. inwas before softbank came and goldman came in. even then, it was like, why are these people so interested in the company? talk is a vision he would and mak
alibaba founder has made .illions he enjoys performing for employees also. take a listen. ♪ amazing. i believe that was for an anniversary celebration. how has his zany personality helped push ali baba to the top? in the studio, he is -- alibaba launched in 1990 he consulted for the company. cory is here as well. you met him back in 1999 when he was just starting this thing. what was he like? questions like that. he was singing. no, he wasn't. he leaped out at you. not a tall man, but a wacky...
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alibaba has been public before. >> it did not do so well. >> did not do well. listed in hong kong, only the adr traded in the u.s., and the pull boxes the ipo on the pennies on the dollar. now he is offering again at a higher price. >> does that make you reluctant and anyway, knowing it they go public before, was not a success story? he is trying again. by the way at a time -- and what leslie will tell you this -- the ipo market has been on fire. stocks have suffered, but certainly saw a huge growth boom. are you concerned? >> my concerns are more what this means for the chinese stock market and global stock markets in everything else. we have seen china come in based on this huge ipo backlog being improved -- at approved. there is this vicious cycle where the weaker market does not mean it will be interested in the stock. i'm not worried about the interest here. i'm worried about the reflexivity. >> thank you for all of your perspective. leslie, cory. david and michael, you are sticking with me. is it time to bail on china, or are the chinese pockets of opport
alibaba has been public before. >> it did not do so well. >> did not do well. listed in hong kong, only the adr traded in the u.s., and the pull boxes the ipo on the pennies on the dollar. now he is offering again at a higher price. >> does that make you reluctant and anyway, knowing it they go public before, was not a success story? he is trying again. by the way at a time -- and what leslie will tell you this -- the ipo market has been on fire. stocks have suffered, but...